Acropolis Investment Management LLC lifted its holdings in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,516 shares of the company’s stock after purchasing an additional 466 shares during the quarter. Acropolis Investment Management LLC’s holdings in Kimberly-Clark were worth $1,509,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its holdings in shares of Kimberly-Clark by 2.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 19,231 shares of the company’s stock valued at $2,658,000 after acquiring an additional 408 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after purchasing an additional 354,501 shares in the last quarter. Sierra Summit Advisors LLC increased its position in shares of Kimberly-Clark by 8.6% during the 2nd quarter. Sierra Summit Advisors LLC now owns 2,337 shares of the company’s stock worth $323,000 after purchasing an additional 186 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Kimberly-Clark by 28.4% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 2,069 shares of the company’s stock worth $288,000 after purchasing an additional 458 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Kimberly-Clark by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 440,592 shares of the company’s stock worth $60,890,000 after purchasing an additional 15,700 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on KMB. UBS Group lowered their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Barclays raised their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $147.57.
Insider Buying and Selling
In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by company insiders.
Kimberly-Clark Stock Performance
Shares of NYSE KMB opened at $126.22 on Wednesday. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The firm has a market cap of $42.09 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 2.76 and a beta of 0.41. The stock’s fifty day moving average price is $132.77 and its two-hundred day moving average price is $138.22.
Kimberly-Clark (NYSE:KMB – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.74 earnings per share. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.
Kimberly-Clark Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.
Kimberly-Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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